MANILA : The Philippine economy grew 5.2 per cent in the third quarter from a year earlier, data showed on Thursday, slowing from the previous quarter as bad weather delayed some government spending and affected agricultural output.Annual growth in the July to September quarter came in under the 5.7 per c

Channel News Asia

Singapore

Philippines GDP yr/yr growth slows to 5.2% in Q3

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Government of Singapore

The Philippine economy grew by 5.2 percent in the third quarter of the year, sharply slower than the revised 6.4 percent growth in the previous quarter, mainly due to weather disruptions which hampered various sectors, the Philippine Statistics Authority (PSA) reported Thursday. The third quarter gross domestic product (GDP) growth placed well below the government’s

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Inquirer

Inquirer Group of Companies

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Philippines

PH economy expands 5.2% in the third quarter

MANILA -- The Philippine economy grew 5.2% in the July-September quarter from a year earlier, slowing from a revised 6.4% expansion in the previous qu

Nikkei

Nikkei, Inc.

Japan

Philippines' GDP grew 5.2% in Q3, weakest in 5 quarters

Philippine stocks took a beating following the release of the country's third-quarter GDP figures which showed slower growth.

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Lopez Group of Companies

Quezon City

Philippine stocks, peso take a beating after GDP growth slows

MANILA, Philippines – The Philippine economy grew by 5.2% in the third quarter of 2024, falling short of expectations, as it suffered from the effects of bad weather. The Q3 2024 figure is lower than the 6% gross domestic product (GDP) growth in the third quarter of 2023, and the revised 6.4% GDP growth in the second quarter of 2024. Services and industry contributed 4.1 and 1.3 percentage points to the 5.2% growth rate, respectively, while agri…

Rappler

Philippine economic growth slows to 5.2% in storm-plagued Q3 2024

MANILA, Philippines — The Philippine economic growth slowed to 5.2 percent in the third quarter of 2024, which may result in a missed target again this year, the Philippine Statistics Authority (PSA) reported on Thursday. The result — markedly down from the revised 6.4 percent in the last three months and last year's 6.0 percent — is also lower than the 5.7-percent median in a Manila Times poll of economists. This is the lowest recorded growth r…

The Manila Times

Dante Ang

PH economic growth slows to 5.2% in Q3

Farm output fell 3.7% in Q3, biggest drop since Q4 2020 Agriculture secretary cites El Niño and La Niña for rice production decline Unemployment rate declined to 3.7% in September, imports rose 9.9% annually MANILA — Farm output in the Philippines declined by the most in nearly four years in the third quarter, the statistics agency said on Wednesday, a reading which […] The post Philippines farm output declines in Q3, could weigh on growth appea…

Philstar Global

Government of Japan

First Pacific

JG Summit Holdings

Philippines farm output declines in Q3, could weigh on growth

The Philippine economy expanded by 5.2 percent in the third quarter of 2024, marking a slowdown from the 6.0 percent growth recorded a year ago and 6.4 percent in the previous quarter.The Philippine Statistics Authority (PSA) announced that this moderation in growth was driven by a combination of factors, including a decline in the agriculture sector and weaker exports.Despite the slowdown, domestic demand remained robust, with household consump…

Manila Bulletin

Manila Bulletin Publishing Corporation

Philippine economic growth slows to 5.2% in Q3

MANILA (Reuters) –     The Philippine economy grew 5.2% in the third quarter from a year earlier, the statistics agency said on Thursday, coming in below forecasts and slowing from the annual pace in the previous quarter. Economists polled by Reuters had expected gross domestic product (GDP) to expand by 5.7% from a year earlier. Growth in the second quarter was revised up to 6.4%. On a quarter-on-quarter basis, GDP grew 1.7% in July-September, …

Blue Water Healthy Living

Port Huron

St. Clair County

Michigan

United States

Philippines GDP yr/yr growth slows to 5.2% in Q3 - Blue Water Healthy Living

The Philippine economy grew 5.2 percent year-on-year in the third quarter of 2024, the Philippine Statistics Authority (PSA) said Thursday. It said that the gross domestic product grew 1.7 percent quarter-on-quarter. This brought the average growth in the first three quarters of 2024 to 5.8 percent, below the government’s target range of 6 percent to […] The post Philippines GDP expanded 5.2% in third quarter of 2024 appeared first on Manila Sta…

Philippines GDP yr/yr growth slows to 5.2% in Q3

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